What Has Been the Progress and Growth of the Bed And Breakfast Accommodation Market in Recent Years?
The bed and breakfast accommodation market has seen considerable growth due to a variety of factors.
• The bed and breakfast accommodation market has grown slightly in recent years. It is projected to rise from $5.92 billion in 2024 to $5.99 billion in 2025, at a CAGR of 1.1%.
This growth can be attributed to the steady rise of budget accommodations, platforms capturing a significant share of budget travelers, and a growing middle class with more disposable income seeking localized travel experiences.
What Is The Expected Growth In The Bed And Breakfast Accommodation Market Size Evolve over the Forecast Period?
The bed and breakfast accommodation market is expected to maintain its strong growth trajectory in upcoming years.
• The bed and breakfast accommodation market is projected to see steady growth, reaching $6.85 billion by 2029 at a CAGR of 3.4%.
Growth is driven by increased demand for unique travel experiences, a rise in domestic and regional tourism, growing popularity of eco-friendly travel, and an interest in experiential travel. Key trends include the implementation of health and safety measures, contactless check-in, enhanced cleaning protocols, and innovative services.
What Main Forces Are Fueling Expansion In The Bed And Breakfast Accommodation Market?
The increasing number of tourists is expected to drive the growth of the bed and breakfast accommodation market. As tourism grows due to rising incomes, better travel access, and a desire for unique experiences, bed and breakfast accommodations offer personalized stays that appeal to travelers seeking local charm and hospitality. According to the UK's Office of National Statistics in November 2022, overseas visits to the UK increased to 3 million in June 2022, reflecting the rising interest in unique accommodation options. This surge in tourism is contributing to the growth of the bed and breakfast market.
What Are The Primary Segments In The Global Bed And Breakfast Accommodation Market?
The bed and breakfast accommodation market covered in this report is segmented –
1) By Type: Historic Homes, Countryside Retreats, Coastal Properties
2) By Booking Type: Online Bookings, Direct Bookings
3) By Traveler Type: Domestic, Solo, Group Or Family
Subsegments:
1) By Historic Homes: Victorian Homes, Colonial-Style Homes, Boutique Inns
2) By Countryside Retreats: Farm Stays, Vineyard B And Bs, Mountain Lodges
3) By Coastal Properties: Beachfront Inns, Seaside Cottages, Lakefront B And Bs
Pre-Book The Bed And Breakfast Accommodation Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Bed And Breakfast Accommodation Market?
Major companies in the bed and breakfast accommodation market are focusing on innovative services like express start breakfasts to provide convenience and meet the needs of modern travelers. For instance, in April 2023, InterContinental Hotels Group, a U.K.-based company, launched the Holiday Inn Express Riyadh in Saudi Arabia. The hotel features modern rooms, smart technology, and a flexible Express Start Breakfast service, catering to the fast-paced needs of today’s travelers.
Who Are the Key Players In The Bed And Breakfast Accommodation Market?
Major companies operating in the bed and breakfast accommodation market are:
• Marriott International Inc.
• MGM Resorts International
• Radisson Blu Hotels
• Rosewood Hotels and Resorts
• Hilton Worldwide Holdings
• Hyatt Hotels Corporation
• Four Seasons Hotels and Resorts
• AccorHotels
• InterContinental Hotels Group
• Best Western International
• Shangri-La Hotels
• Choice Hotels International
• Wyndham Hotels & Resorts
• Red Roof Inn
• B&B Hotels
• The Leading Hotels of the World
• Comfort Inn
• Relais & Châteaux
• Travelodge Hotels
• La Quinta Inns & Suites
• Quality Inn
• Econo Lodge
• Microtel Inn & Suites
• Knights Inn
What Is The Most Dominant Region In The Bed And Breakfast Accommodation Market?
Asia-Pacific was the largest region in the bed and breakfast accommodation market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bed and breakfast accommodation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
